Thursday, April 24, 2014

Congo State Miner Decides to Increase Copper Production by 45%

Congo’s state mining company Gecamines decided to increase the output of copper mining by 45 percent this year itself because the company itself seeking funds for new projects. A part of production comes from the world’s second largest mineral trader, Trafigura Beheer BV in order to process a copper tailings stock at Lupoto mine of Gecamines. The preparations are still going on and once it gets finished the state mine start the production which has the capacity of 3000 metric tons per month.

Once in 1986 Gecamines was one of the world’s largest copper mines. But, due to some mismanagement and Congo war completely destructed the company. This year, they are setting it to give a production rate of about 60,000 tons of copper which is higher than the earlier production. However, this will cause a great challenge to the state due to large power problems.